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Here's why most Americans tap their retirement savings early

Here's why most Americans tap their retirement savings early

Finance
Most people don't intend to raid their retirement accounts — and that's just the problem. Tapping your retirement dollars early is almost always considered taboo, although, at times, it can seem unavoidable. By far, the majority of Americans said they dipped into their retirement funds to pay off debt or bills, according to a recent report by GoBankingRates. The other most common reasons cited were to cover a financial emergency or medical expense. Less than 10 pe...
The US economy needs seniors to work longer. Here's how to make that happen

The US economy needs seniors to work longer. Here's how to make that happen

Finance
These teachers work extra jobs to pay the bills When she retired from her job as a legal secretary for the federal government at age 62, Linda Spencer thought retirement would be a blast. Then the Great Recession blew a hole in her savings, and free time wasn't much fun without cash to travel and buy the nice clothes she'd gotten a taste for while working at Saks Fifth Avenue decades earlier. "I had nothing to do and I got bored and I needed money," says Spencer, 68, who laughs loudly and wears red lipstick. Jobs were scarce when she went out looking a couple of years ago, and so she found the federally-funded Senior Community Service Employment Program, which helps low-income seniors find employment in Northern Virginia. It pays minimum wage, or $ 7.25 an hour, for he...
Most Americans aren't happy with their salaries. Here's how to change that

Most Americans aren't happy with their salaries. Here's how to change that

Finance
Asking for a raise: Women vs. men Salary isn't the only factor that can determine our happiness at work, but it's a big one, for sure. Unfortunately, 65% of full-time workers don't earn the salary they want, according to CareerBuilder, and a big reason boils down to the fact that they haven't asked for more money. Specifically, 56% of employees say they've never requested a raise — but 66% of those who have asked received one. If you're dissatisfied with your earnings, you shouldn't hesitate to make the case for a higher salary. Here's how to pull off that conversation successfully. 1. Know your worth It's one thing to think you're making less than you should be, but it's another to back up that claim with numbers. Going into a raise negotiation with firm data wi...
Another email about privacy and data? Here's why

Another email about privacy and data? Here's why

Technology
"Updates to our privacy policy", "Stay connected", "Data law changes": You have probably had lots of these emails recently from various companies and organisations - but what's it all about? It's to do with a huge shake-up of data protection laws, with a tougher European standard soon kicking in and companies worried about the potential for huge fines.The EU's General Data Protection Regulation (GDPR) means many groups who currently send you emails need to confirm you consent to them using your personal details.For example, if you are still okay to receive marketing information and promotions.It means consent can no longer be assumed. Pre-ticked boxes that you have to uncheck are now banned; as is hiding consent in the middle of long chunks of legal text.Some companies who ...